French GDP increased in Q3 (+0.4%)Quarterly national accounts - second estimate - 3th Quarter 2010

French GDP increased by 0.4% in the third quarter of 2010, after +0.7% in the previous quarter.

Informations rapides
No 278
Paru le : 12/11/2010
Prochaine parution le : 29/11/2017 at 08:45 - third quarter 2017

French GDP increased by 0.4% in the third quarter of 2010, after +0.7% in the previous quarter.

Households’ consumption expenditures accelerated

Production’s growth slightly decreased (+0.4% after +0.8%). Households’ consumption expenditures edged up (+0.6% after 0.3%) whereas total GFCF slowed down (+0.5% after +0.9%). Altogether, total domestic demand (excluding inventory changes) buoyantly contributed to GDP growth: +0.5 point after +0.4 point in the second quarter. Imports remained dynamic (+4.1% after +3.9%), more than exports (+2.5% after +2.6%). As a consequence, foreign trade balance deteriorated on the third quarter and negatively contributed to GDP growth (–0.5 point after -0.4 point). Inventory changes positively contributed to GDP growth: +0.3 point after +0.6 point. This mainly ensued from energy and intermediate goods.

* This growth rate is seasonally and trading-day adjusted; volumes are chain-linked previous-year-prices volumes.

Graph1 – GDP and its main components

Tab1 – GOODS AND SERVICES: RESOURCES AND USES CHAIN-LINKED VOLUMES

percentage change from previous period, trading-days and seasonally adjusted data
GOODS AND SERVICES: RESOURCES AND USES CHAIN-LINKED VOLUMES
2009 Q4 2010 Q1 2010 Q2 2010 Q3 2009 2010 (ovhg)
GDP 0.6 0.2 0.7 0.4 -2.5 1.5
Imports 2.9 1.8 3.9 4.1 -10.6 8.2
Households' consumption expenditure 1.0 0.0 0.3 0.6 0.6 1.5
General government's consumption expenditure 0.6 -0.1 0.3 0.4 2.8 1.3
GFCF -0.9 -0.9 0.9 0.5 -7.0 -1.7
of which Non financial corporated and unincorporated enterprises -1.0 -1.0 1.2 0.5 -7.9 -1.7
Households -1.4 -0.5 0.2 1.0 -8.7 -2.3
General government 0.1 -1.4 0.9 -0.2 0.6 -0.8
Exports 1.3 4.4 2.6 2.5 -12.2 9.2
Contributions :        
Internal demand excluding inventory changes 0.5 -0.2 0.4 0.5 -0.5 0.8
Inventory changes 0.6 -0.2 0.6 0.3 -1.8 0.6
Net foreign trade -0.5 0.6 -0.4 -0.5 -0.2 0.1

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